Getting it Right - Welcome

The goal of this blog is to publish my thoughts on a variety of economic and political topics in the hopes that people who find them educational or beneficial will utilize them and/or forward to others who might find them interesting and/or worthwhile to promote to others, possibly including politicians who can push some of these ideas to fruition. The topics in my blog are meant to be of value on a long term basis, not a daily diary or political issue of the day log. If the information posted is useful to you, by all means utilize it and/or forward it as you see fit. If not useful, then merely ignore it. There are no universally agreed upon truisms and too little tolerance between some of those with opposing viewpoints to successfully convince the people with hardened opinions to move away from them. I am an analytical type person who will try to be as factual as I am able.

I disdain the current popularity of name calling and condemnation of viewpoints with no factual alternatives or logical solutions given that I see so often. If you don't have a solution based on fact and logic, then opt out of the discussion because you have nothing to contribute. My background is a degree in Economics from the University of Michigan and 39 years working in middle management jobs for a major retailer. My opinions are forged on the personal experence of life, family, friends, and work as well as triumphs and mistakes that I have made and hopefully learned from. My hope is that this blog helps you.

My first topic will be about personal finance. I chose that one first because most of us work long and hard just to survive but not all of us realize our dreams of becoming financially independent from the labors of our work. Much of our political votes/thinking also focus on the economy and in particular how well we are personally doing financially.

It is relatively simple, without sacrificing the enjoyment of living for 'today' and even at moderate incomes, to retire as a millionaire or multi-millionaire, if you focus on that goal consistently from a young age. It is also simple to ensure that your child or grandchild retires rich. It merely requires a one time gift of just $2,000 invested wisely and the passage of time. Please read my first post on this blog to learn more.


An index/schedule of past and future posts and their dates will always be updated so that it becomes the first post that you see below. If the date of a post that you wish to read is preceded by the word "Posted", then find it below or click on the title in the Blog archive to review.

Blog Archive

Monday, September 21, 2020

Judges – Don't Allow Them to Steal Your Freedom

 

In America, both our Constitution and our laws by which we are governed were passed by legislatures at either city, state, or Federal levels and signed into law by mayors, governors, or Presidents, all of whom we elected to serve our will. In essence, we the people are in charge of our government.

Judges are mostly non-elected officials whose sole duty is to enforce the Constitution and laws as written. To do otherwise, with the exception of laws that violate the Constitution, is to take our freedom away to govern ourselves. No sane person should ever tolerate that. Yet, we have so called “liberal” judges who take it upon themselves to reject the clearly written intent of our laws and Constitution and instead of enforcing them, they instead “interpret” them to fit their own personal political ideology. By doing so, they've taken away our freedom to govern ourselves. No matter what our political party allegiance, all of us should be adamantly against judges who make their own laws instead of enforcing our laws as written. Vote out of office those politicians who support appointing liberal judges to do the job that politicians we have elected are supposed to do.

Tuesday, September 15, 2020

End Social Media Censorship

 Facebook, Twitter, and other Social Media have taken it upon themselves to "censor" posts that they don't believe are true. It doesn't matter who you are, including the President. Who made these social media the "experts" on facts and science? "Science" is mostly the evolution of theories with non-universal agreements among scientists. There is no such thing as "settled science" which is a term so often quoted by liberals to promote their biased viewpoints. Theories can and do change as learning never stops in science. For example, it has been theory that nothing can travel faster than the speed of light for decades. That is no longer true. Man-Made Climate change - a favorite censorship topic for social media - does NOT have universal scientific agreement, not even close. In a "free" country, we need to pass laws banning censorship by social media, which are mostly mouth pieces for liberal causes and ideas.

California – Imposing a Liberal Dictatorship

 In California, political parties are NOT allowed to select their own candidates through primaries and run their party winner in the General election. Instead, the top two primary vote getters for all political parties combined, no matter what their political party, are the only ones allowed to run in the General election, including candidates for Governor, Senate, and Congress (but not yet President). In a heavily Democratic State, this pretty much guarantees that only Democrats can run in the General election. So instead of a Democratic candidate and a Republican candidate and any other political party candidate running against each other in the General election, it is almost always two Democrats running against each other in the General election with no other political party candidates on the ballot. How this is legal and not yet challenged and over turned by the Supreme Court is incomprehensible. It teaches all of us to be very scared of liberals because their goal is to impose a liberal dictatorship by any means possible on the rest of us.

America – Thank God that We are NOT a Democracy

 Most Americans think of our nation as a Democracy. Not True. We are a “Republic”. Be very grateful that our very wise Founding Fathers feared a true Democracy where a mere 51% of the population could restrict the freedoms of the other 49%. For example, in a true Democracy, a simple majority of 51% could declare a national religion that everyone must belong to under penalty of death. 51% could eliminate the right of women to vote or even go to school. 51% could enforce stringent dress codes for everyone. 51% could take away freedom of speech and freedom of the press.

In America's Republic, we have very important rights guaranteed in our Constitution that a simple majority cannot take away. We can change, delete, or add to our Constitution, but NOT with a simple majority. Just to propose a Constitutional Amendment requires either two thirds of Congress or two thirds of States to propose it. Next, to become law, three fourths of State Legislatures must ratify it. A very daunting process that makes it very difficult to pass “bad” Constitutional Amendments, thus preserving our Constitutionally guaranteed freedoms. Important – not an impossible process, as 27 Amendments to the Constitution have been passed such as Amendments giving Blacks and later women the right to vote.

While most nations, including strict Democratic nations, at the Federal level have a single legislative body to pass laws, America is extremely fortunate and indebted to its Founding Fathers to have two legislative bodies – the House of Representatives where the most populous States are represented in relation to their population versus small States, and the Senate, where every state has an equal vote (two Senators each). Also in the Senate, filibusters can result in the need to have 60% of the Senate agree to pass legislation or approve Federal nominees. Even then, the President can “veto” the legislation, effectively stopping it from becoming law unless two thirds of Congress overrides the Presidential veto. The Founding Fathers wanted the political parties to work together and if necessary to compromise in order to pass legislation in a manner that prevents bad legislation from being passed into law. Absolute Genius!!

In the same manner, our wise Founding Fathers invented the Electoral College to elect Presidents so that an overwhelming majority from large population States could not impose their will on the smaller States. The intent was for any President to be elected, he/she would have the need to campaign and listen to the voices of all States. Otherwise, Presidential candidates might totally ignore smaller states and only cater to and campaign in large states. Again, Absolute Genius!! We just saw how well that worked in the 2016 Presidential election. A huge majority in California for the Democratic candidate gave that candidate a multi-million vote national majority. Without California, smaller State majorities gave the Republican candidate more than a million vote majority of the other 49 States and the Electoral College to win. Worked as planned!!

Wednesday, September 9, 2020

Retirement – How to Really Help Americans

 If you really want to help Americans save for retirement, then make all 401Ks and IRAS tax free when we make deposits and also tax free when we make withdrawals, plus stop taxing Social Security benefits. Also, it would be a great idea if for each American born citizen, we deposit $10,000 when they are born into an investment account which buys only ETF indexes (S&P 500- SPY, Nasdaq 100 - QQQ, S& P 400 mid -size companies - MDY, S&P 600 small size companies - SLY) and leave them there (never trading them) until age 65. After that, (when likely it would have grown to over 5 million dollars based on 10 to 11% long term stock market growth) they receive 4% a year (about $200,000 a year to start which should be divided by 12 and paid monthly) until they die. Likely the amount paid each year as benefits will grow in size most years given the 10-11% long term growth of the stock market. The annual cost would be roughly 30 to 40 billion dollars initially or only about 1% of the total Federal budget. Over time, the left over amount when people die must be utilized to fund new future newborn, thus becoming self sustaining over time. Increase the initial $10,000 by the inflation rate each year. Even a hard working poor American with no savings would be well off at retirement.

Thursday, September 3, 2020

How To Pass Annual Federal Budgets

 

Congress almost never approves a budget each year because it only takes 40 Senators out of 100 to stop it. The Democrats, despite trillion dollar deficits, always want more spending except for military spending because they want to use needed military funds to add to social programs. So Democrats never approve of budgets with spending cuts in them and Republicans never approve of budgets with giant spending increases that Democrats like to pass. The end result is a series of temporary "continuing spending resolutions" each year that must be approved by Congress. Democrats love these because it takes last year's spending and automatically adds more to it. Never any cuts to spending that way; always increases to spending. Republicans can technically fight for spending cuts for these continuing spending resolutions but Democrats won't give it to them. The only option is to shut the government down by not passing spending resolutions to put pressure on Democrats to compromise. However, the fake news media always falsely blames Republicans for government shut downs, making it political suicide and the Democrats know this. We need a new method - a Constitutional Amendment that forces government to pass an annual budget or else the budget is automatically cut by 10% from last year except for Social Security which goes up by the inflation rate. No temporary continuing spending resolutions allowed. Only then will both parties be equally motivated to compromise.

Wednesday, September 2, 2020

Social Justice Protests Are Deeply Flawed and Consequently Won't Work

 

So called social justice protests occurring across the nation based on an infinitely tiny fraction of perceived unjustified killings or injuries of a handful of Black people by police are understandably having the opposite effect of what is intended. The reasons are clear and simple:

1. Every single one of the incidents protested were caused by one or more of the following criminal acts by the perceived “victims” - disobeying police orders, resisting arrest, struggling or fighting with police, threatening police, shooting at police, and fleeing police. If you do any of those things instead of quietly cooperating with police and you are injured or killed by police, then that injury or death is on you, not the police. None of these people who were injured or killed by police would have been harmed if only they had peacefully cooperated with police. Therefore, many of us have zero empathy for those who got hurt or killed by police because they willfully did not cooperate peacefully with police. If you are innocent, you will get your day in court to prove it.

2. There are roughly 800,000 police in 18,000 police departments making roughly 13 million arrests per year, often in very dangerous situations. The very fact that only a handful of arrests result in questionable deaths speaks volumes of how extraordinary well police do their very stressful and dangerous jobs. Note that a cop is 25 times more likely to die in the line of duty than a Black person is likely to be killed by a cop. 25 times!!!!

3. In the rare cases where a police shooting or killing of a Black or any person results in the cop's arrest and charges of assault and/or murder are filed, then it is time to stop protesting that incident and let the justice system run its course which is a trial by a jury of his/her peers, not a trial by mob protest. You would want it no other way for yourself should you someday be charged with a crime. If you don't want to lose that right for yourself, then you must also preserve it for police.

4. Social justice protests have all been continuously violent for months with innocent people getting injured or killed by protesters, cars and buildings being vandalized or burned and destroyed, and often looting taking place. Many people who may have initially supported the social justice cause being promoted across the country have lost patience, live in fear of the violence either in their own neighborhood or potentially reaching their neighborhood some day, and understandably no longer support your cause.